Prices were down again from 2012's high

The AAA predicts that the average price of a gallon of gasoline will fall 5 cents in 2014. Gas prices have the potential to fall to their lowest level since 2010 this year. In 2013, gas prices averaged $3.49 a gallon, down from $3.60 a gallon the year before, Bloomberg notes.

Last year, drivers in South Carolina paid the lowest average gas prices around $3.24 a gallon, while California had the highest average gas price at $3.89 a gallon. During 2013, gas prices sank under $3 a gallon at least briefly in twelve states. In 13 states, gas prices temporarily topped $4 a gallon.

In late December, U.S. gas production hit 9.72 million barrels a day, up 4.3% and the highest daily gas production since 1982. More abundant supplies of domestic crude oil should begin to push gas prices down this year.